anyone have any good experiences with the financial companies who are offering to let you use your IRA funds to invest in a LLC that gets created for the purpose of purchasing real estate. I see a lot of options adve...
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Fellow BP expertsWould my LLC which has buy and hold rental income only at this point, qualify me for a Solo 401K, if I have the LLC pay me as the Property Manager?Would that self employment income be enough to make t...
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Hello,I have a question for anyone out there who has any experience or knowledge about solo 401k plans.I'm thinking about rolling my 401k money at work into a solo 401k. I've read that the solo 401k has many advantag...
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Hello everyone... I recently set up and have moved money into a Self Directed IRA. I initially thought I would loan money on a short term basis to a group that bought, rehabbed and sold properties, but discovered oth...
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Held our first auctions since Covid started. Haven't held an auction since February. Had 4 units out of about 860 total rentals. Only had one person we know moved out due to covid because one of them lost their job. S...
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Hello, everyone, newb here, Ive been trying to find a good property to invest in but around here and I assume everywhere, people think junk is gold. Ive found a MHP on 10 acres close to the interstate and retail, zone...
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Has anyone used their 401K to buy a rental and receive tax free income ? If so, how does one go about doing so? Would I be able to make repairs out of pocket or does everything have to be from the 401K?
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I am under contract on a 20 acre parcel of land and was interested in doing a self survey. I don't really know what I am doing, though through search and rescue and obtaining private pilots license I did have to map c...
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Investment Info:
Single-family residence other investment in Philadelphia.
Purchase price: $20,000
Cash invested: $329,000
Sale price: $473,200
Land Purchase in 2012, New Construction SFR built i...
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Hi BP-I am really interested in learning more about Self-Directed IRAs. From what I gather, this is a tax savings account (like a 401k), but the advantage of having this IRA is you can purchase a property with it. My ...